US equities remain choppy. Meanwhile, WTIC is currently +0.8% in the $75s. The energy sector ETF of XLE is currently net lower for the week by -0.2% at $87.39.
USO daily
XLE weekly
Summary
WTIC/USO: oil has swung from the $73s to $75s… which is more impressive relative to the stronger dollar.
XLE: energy stocks are seeing minor chop with the main market. M/t bullish unless <$80.
notable stock: OXY
Reflective of the sector. Yesterday’s spiky black candle played out. The stock is m/t broken unless January settles >$65s, and that looks difficult.
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Equities: sp’60min
Chop chop… if leaning upward, as we’re s/t cyclically low. Teal gap… if not 4K.